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Law of agency (part 1)


Defn: Agency can be defined as a relationship that exist between two parties of whom expressly or impliedly agreed that is being represented is called the principal. While the party that agreed to represent the other is called agent. In other worda, agency is a relationship between the master and the servant or principal and agent.
                   Types of principal
1. Disclose principal
2.Undisclosed
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1. Disclose principal: This is the principal whose identity or the intention is made known to the third party by is acting agent.
2.Undisclosed principal: This is a principal whose intention or identity is not made known to the third party
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